Residential Lot Loan

A residential lot loan is used to purchase non-income producing, land up to a maximum of 40 acres. You can use this loan to buy the land you want to build your new home on.


  • Affordable payments with minimal closing costs.
  • Stable monthly payment.
  • Source of down payment is flexible.
  • Think retains servicing


  • Loan term/amortization
    3 year term with 15 year amortization
  • Loan purpose
    Purchase only.
  • Eligible property types
    Non-income producing lot. Maximum 40 acres.
  • Loan limits
    Generally $10,000 to $100,000. Higher limits available upon review.
  • Interest rate
    Fixed for term of loan.

How to apply:

Apply online, visit one of our branch locations or call us at 1-800-288-3425.

* APR = Annual Percentage Rate.

Payment example: A 3 year $25,000 fixed rate residential lot loan at 4.593% APR* has approximately 36 monthly payments of $184.80 with a final balloon payment of $21,118.59. 20% downpayment required.

Payment does not include amounts for taxes and insurance and the actual payment obligation may be greater. Rate current as of October 18, 2018 and is subject to change. Origination fees may vary from $0-$1500. Other closing costs may apply. Lot loans are available within a select area of Minnesota and may not be available in all Minnesota counties.

Residential lot loans are available for properties in Minnesota to existing customers, or new customers who live or work in Minnesota.

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Insurance products are offered through Think Insurance (MN license # IA-538), not Think Mutual Bank. Insurance products are not FDIC insured, are not insured by any federal agency, and are not a deposit or guarantee of Think Mutual Bank. This is not a policy. For a complete statement of coverages and exclusions, please see the policy contract.

The Investment Professionals of Think Financial Planning are Registered Representatives and Investment Adviser Representatives with/and offer Securities and Advisory Services through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered by CES Insurance Agency. Investments are not FDIC insured, not bank guaranteed, not insured by any federal agency and may lose value. Check the background of this firm on FINRA's BrokerCheck. Think Financial Planning is headquartered at 5200 Members Pkwy NW, Rochester, MN 55901.

This information is provided for new customers who live or work in Minnesota, and for existing customers residing in the states of AR, AZ, CA, CO, FL, GA, IL, IN, IA, KS, KY, MA, MD, MI, MN, MO, MT, NE, NM, NV, NY, ND, NC, OH, PA, SD, TN, TX, UT, VA, WA, WI, WY. No offers may be made or accepted from any resident outside of these states due to various state regulations and registration requirements regarding investment products and services.